Weaponized counterfeiting shows how hostile states can quietly stoke inflation, wipe out savings, quell revolutions, and gut public trust in money itself—often without firing a shot.

During the American Revolution, British officials under Lord George Germain backed forgeries of Continental currency, accelerating its collapse and undermining confidence in the rebel government’s finances.

In the French Revolutionary and Napoleonic era, British-backed counterfeiters helped flood France with forged assignats and related paper, deepening inflation and discrediting revolutionary economic management.

In World War I, German authorities experimented with fake British pounds to strain London’s financial system, probing whether inflation and shaken confidence could weaken Britain from the inside.

In World War II, SS-Sturmbannführer Bernhard Krüger’s “Operation Bernhard” at Sachsenhausen used enslaved specialists to mass-produce forged Bank of England notes, funding spies like Elyesa Bazna (“Cicero”) and aiming at financial chaos in Britain.

During the Vietnam War, counterfeiting was a psychological and economic weapon, with the U.S. and South Vietnamese printing fake North Vietnamese currency (tín phiếu) to destabilize the communist economy, while the VC responded with their own notes and design changes, leading to low-quality, easily counterfeited bills that damaged trust and caused inflation.

After Iraq’s 1990 invasion of Kuwait, Saddam Hussein’s regime looted and forged Kuwaiti dinars, forcing Kuwait to replace its notes to prevent lasting damage to its monetary system and citizens’ savings.

Why would the bitcoin revolution be any different? They can’t fake bitcoin so they alt-coin, shit-coin, stable-coin, paper-coin.